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An organization wants to establish a supplier onboarding process with qualification and evaluation. Only qualified suppliers should be eligible to supply their goods and service. How do you model this requirement using external supplier registration and supplier qualification management?
Correct Answer: A
Explanation/Reference: You can choose to register the new supplier as a prospective supplier or a spend authorized. If you register the company as a prospective supplier, the supplier can participate as soon as its registration is approved. A prospective supplier can receive invitations, view a negotiation and respond. You can award the supplier business, but you cannot issue a purchase document for the supplier until it is approved for conducting financial transactions with your buying organization. Incorrect Answers: B, D: If you choose to register the company as spend authorized, supplier cannot participate until its registration request is approved and it is also approved to conduct financial transactions with the buying organization. References: Oracle Procurement Cloud Using Procurement (Release 9), page 239